NEWS + ANALYSIS
PrimeSource adds Wolf to its brands PrimeSource Brands has signed a deal to acquire Wolf Home Products from affiliates of Tenex Capital Management. Based in York, Pa., Wolf is a provider of branded kitchen and bath, outdoor living, and specialty exterior building products for residential applications with more than 175 years of history behind the company. Under the financial sponsorship of Clearlake Capital Group. Financial terms were not disclosed. Primesource acquired Tampa-based Nationwide Industries in May. Among its offerings, Wolf designs and supplies cabinetry, vanities, countertops, decking, and railing, among other residential building products. Wolf services the pro dealer channel with short lead times by leveraging its distribution network
Wolf Outdoor Lighting.
and dealer-direct delivery model, the company said. “We are thrilled to welcome Wolf into the PrimeSource Brands family,” said Tom Koos, CEO of PrimeSource. “CEO Craig Danielson and his team have created a terrific service model that differentiates Wolf from anyone in their space, and the national footprint
and overall scale PrimeSource brings will enable them to expand rapidly.” The Clearlake partners also said that PrimeSource benefits from significant market tailwinds as new residential construction ramps up to meet strong pent-up demand. “We believe the platform can play a unique role as a consolidator in this space.” Clearlake recently sold the rising pro dealer American Construction Source to building materials distribution powerhouse US LBM. (See page 12) PrimeSource is a national provider of specialty branded residential building products. The company’s product offering spans more than 60,000 SKUs, including construction fasteners, cabinet knobs & pulls, fence & gate hardware, railing systems & infill, perimeter security solutions, among others.
News Map: Openings, Closings & Acquisitions Illustration of retailers and dealers in various stages of coming and going. For more retail news, visit HBSDealer.com. kansas
Hays
OPENING
CLOSING
ACQUISITION
Mead Lumber is acquiring Heartland Building Center, with locations in Hays, Stockton and Russell, Kan. The business will continue to operate under the “Heartland” banner. Mead, based in Columbus, Neb., was the HBSDealer 2019 ProDealer of the Year.
illinois
Chicago
Tenenbaum Hardware, a thirdgeneration family business not far from Wrigley Field in Chicago is closing its doors, after a run that began in 1923. Owners Pam and Steve Lipshutz told “Block Club Chicago: “It’s just time.” Developers intend to convert the single-story store into a mixed-use apartment building.
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JULY/AUGUST 2021 HARDWARE + BUILDING SUPPLY DEALER
indiana
Fort Wayne
Connolly’s Do it Best Hardware & Rental celebrated its grand opening on June 25 with a weekend of deals and activities. To help celebrate vendors including Weber, Benjamin Moore, Scott’s, STIHL, and Milwaukee were on hand for product demos. The store marks Connolly’s fifth location in the Fort Wayne market. florida
New Smyrna Beach
Closing sales were ongoing at press time at Coronado Hardware, a beach town store that promoted “Bait & Tackle” and “ a little bit of everything” on its sign. The ownership family continues to operate Anchor Hardware in Oak Hill, Fla. A Coronado Hardware post on Facebook explained: “It’s exhausting trying to keep two businesses open.”
HBSDealer.com
